JAMB - Economics (2012 - No. 41)
A deficit balance of payments is measured by subtracting the debits from the credits in the
current account
current and capital accounts
current and escrow accounts
capital and escrow accounts
Giải thích
A balance of payments deficit means the country imports more goods, services, and capital than it exports. The current account + capital account make up the balance of payment account and when the imports exceeds the exports, it becomes a deficit balance of payment.